Report Update Nov 1, 2024

Romania - Sodium Nitrate - Market Analysis, Forecast, Size, Trends and Insights

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Romania: Sodium Nitrate Market 2024

Sodium Nitrate Market Size in Romania

After two years of growth, the Romanian sodium nitrate market decreased by -12.2% to $X in 2022. Over the period under review, consumption saw a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sodium Nitrate Production in Romania

In value terms, sodium nitrate production totaled $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with a decrease of 99.9%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the immediate term.

Sodium Nitrate Exports

Exports from Romania

After two years of decline, shipments abroad of sodium nitrate increased by 72,573% to X tons in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sodium nitrate exports soared to $X in 2022. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons) was the main destination for sodium nitrate exports from Romania, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary stood at +26.5%.

In value terms, Hungary ($X) also remains the key foreign market for sodium nitrate exports from Romania.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary stood at +36.9%.

Export Prices by Country

In 2022, the average sodium nitrate export price amounted to $X per ton, surging by 45% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 119%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Hungary.

From 2012 to 2022, the rate of growth in terms of prices for Hungary amounted to +8.2% per year.

Sodium Nitrate Imports

Imports into Romania

In 2022, purchases abroad of sodium nitrate decreased by -4.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 251%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sodium nitrate imports surged to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 206% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Hungary (X tons), Bulgaria (X tons) and Germany (X tons) were the main suppliers of sodium nitrate imports to Romania, together comprising 77% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +74.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium nitrate suppliers to Romania were Hungary ($X), Germany ($X) and Bulgaria ($X), together accounting for 76% of total imports.

Among the main suppliers, Germany, with a CAGR of +83.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sodium nitrate import price stood at $X per ton in 2022, jumping by 44% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium nitrate import price increased by +91.5% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sodium nitrate in the world?

The country with the largest volume of sodium nitrate consumption was Chile, accounting for 50% of total volume. Moreover, sodium nitrate consumption in Chile exceeded the figures recorded by the second-largest consumer, Ukraine, ninefold. Russia ranked third in terms of total consumption with a 3.9% share.

What are the largest producers of sodium nitrate in the world?

Chile remains the largest sodium nitrate producing country worldwide, comprising approx. 56% of total volume. Moreover, sodium nitrate production in Chile exceeded the figures recorded by the second-largest producer, China, sixfold. The third position in this ranking was occupied by Germany, with a 7.1% share.

What are the leading suppliers of sodium nitrate to Romania?

In value terms, Belgium, Hungary and Germany were the largest sodium nitrate suppliers to Romania, together accounting for 76% of total imports. Poland, Russia and Bulgaria lagged somewhat behind, together comprising a further 17%.

What are the leading importers of sodium nitrate from Romania?

In value terms, Hungary remains the key foreign market for sodium nitrate exports from Romania.

What is the average export price for sodium nitrate in Romania?

The average sodium nitrate export price stood at $305 per ton in 2021, falling by -4.1% against the previous year.

What is the average import price for sodium nitrate in Romania?

In 2021, the average sodium nitrate import price amounted to $878 per ton, jumping by 56% against the previous year.

This report provides an in-depth analysis of the sodium nitrate market in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4005 -

Country coverage:

Romania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Romania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023